Cam Currie – Principal at Currie Metals and Mining Group Shares His Thoughts On The Market For Metals Stocks
I am very happy to introduce Cam Currie as a new guest! Cam is the Principal at the Currie Metals and Mining Group and a Senior Investment Advisor at Canaccord who has a very solid reputation in the sector for finding successful metals companies early on. You can follow along with Cam’s thoughts on his website – Currie Metals and Mining Group.
Since this is the first time Cam is joining us on the show we start with his background and some of the companies he has supported in the past. We then dive into the metals markets focused on the general pullback/bear market for the stocks. We also discuss why the metals sector continues to be ignored by most investors. Whether it’s simply the under-performance over the past decade plus, or if it’s more of a generational shift we have experienced.
For future calls with Cam please email us if you would like us to focus on any specific topics or if you have any questions on certain companies.
Click here to keep up to date with Cam and his writing on the metals sector.
Well Joe, I gotta hand it to ya… you are a fantastic contrarian signal.
That makes 3 times in the last 2 weeks where you’ve suggested resource stock investors sell near their bottoms, only to see the mining stocks rise into the green the very next day in trading.
One could make a fortune day trading by taking the opposite side of your dire calls. 😉
I like what is going on especially with the real estate market, there are so many people who don’t understand real estate, because they don’t understand markets. If a real estate broker tells them to buy because the market can only go up, they buy like fools. Life sure can lead the unwary and foolish into terrible situations. To be leveraged and in debt in this market is a death wish but still they won’t see the obvious until their homes are worth less than what they paid and the creditors come calling. Now the icing is on the cake baked in the form of inflation. Most people never listen to others or do their own research, markets are very cruel. OH, OH! DT
Who doesn’t like opportunity, think about that Joe, but I don’t think you can! LOL! DT
Never use debt, never ever had a mortgage. Even though I own properties, I stay as far away from banks as possible. Debt jubilee is the only way out. Throw the bond holders under the bus, start fresh.
Yes, DT, real estate is in a difficult place for those banking on prices going ever higher. Interest rate hikes will put the brakes on RE and home values but probably only for a short time. You see, politicians will seize the opportunity to bail out and prop up home buyers. They will do it at the expense of the future of your children and their children’s future, they do it every time. They did it after the dot com crash, they did it after the financial crisis and they’ll do it again.
Besides, if home values go down then property taxes go down and states like CA and NY can’t have that. They will run the same schemes over and over again, ad infinitum.
Anyone who hasn’t bought a house before 2020 will likely never be able to afford one unless the get some kind of windfall of cash.
The future is to be controlled by the wealthy elite, they will do anything and everything to make sure you and your children have no chance to compete with their progeny.
First article on JPM corruption.
Lake, we all know what is going on with the banks but they will never face prosecution because without the semblance of an honest banking system you have chaos. The slap on the wrist is all you ever get and then it’s business as usual. Learn to live with it because it will never go away and never has. DT
You are absolutely correct …but that is the very point. Most don’t know or care about Wall Street or corruption or its impact on politicians. The fact that the corruption is “in your face” and we invest in the very market which is massively manipulated … and ACCEPT it as a way of life, is ENABLING to the extent it fosters further corruption.
Rather than accept it as inevitable and create technical systems to circumvent the criminal reality, we should be fighting daily to put a dent in the corruption that permeates the entire system with PMs only being a small portion.
Stay sheep or spread the word to those that aren’t as fortunate as we are that don’t have a clue about the source of of our conflict.
It is only recently that those “experts” in the commodity area have been able to accept “manipulation” as perpetrated by managed money and endorsed by governments. We now have reached the point of intolerance and must say so.
The World is your oyster. DT
Lake, if you think corruption is bad now you need to read about The Bucket Shops that existed before modern trading started in the early 1920’s. If you weren’t part of a small group of corrupt institutions that controlled the markets and you were successful on your own like Jesse Livermore, they sent wanted posters out to all the bucket shops in America with your picture. If you were recognized at any of the trading venues you would be banned. Livermore’s poster with his picture on it called him the boy trader because he was so successful at an early stage. He soon became notorious and resorted to wearing disguises to avoid detection. DT
History is rampant with injustice. It doesn’t mean we accept it as the norm or a reason to assume that it can’t be confronted with truth and a better form of human behavior. We move forward and pursue a life more consistent with human potential and not that of a mentally limited animal.
There is a concern about AI, but simultaneously a self imposed or self fulfilling prophesy that we as humans are threatened or limited by AI… if we believe that, it will happen. If we don’t, it won’t.
Lake, we created AI but we can’t control it because AI is far smarter than humans. We are our own worst enemies, but humans are only a link in the evolutionary cycle. We can’t control ourselves let alone the machine monsters we have created. In order to progress in evolution what came before will always be replaced by the next species that is more advanced, unless of course we destroy ourselves and our planet. DT
DT: I hope you are wrong, but no way I can predict. I will be dead but I just feel we won’t sell ourselves short.
Wow, what a great day today… to SELL!!!!
You got a bailout today, I hope you took advantage of it to SELL!!!
This will turn soon, the rate hike next week will TANK the market, nothing will be spared.
You want it, you will need it.